DFX Intelligence
HCG Point Coinvest B LLC
As of · the latest observation of this vehicle; each figure below carries its own filing date
MatureClosed to new capitalADV: Venture Capital FundCo-investment vehicle
A co-investment vehicle for specific deals, not a commingled fund.
As of · the latest observation of this vehicle; each figure below carries its own filing date
What matters now
- -62%reported GAV
Reported gross assets fell from $169K to $64K between the Form ADV filings of 27 Mar 2024 and 9 Sep 2026.
The fund's assets as the adviser swears them, never its size or dry powder.
Drawing the relationship network…
Amounts, each with its basis
- Vintage
- 2021basis: form d first sale
- Target
- unknownnot announced
- First close
- unknownnever inferred from a Form D
- Final close
- unknownonly from an announcement or an LP disclosure
- Announced size
- unknown
- Form D offering
- $385,000what may be sold, not what was raised; file 021-394783, sworn by the adviser or filed under this vehicle
- Form D sold
- $385,000as of the filing of Apr 6, 2021, 6 investors
- First sale
- Mar 3, 2021
- Reported GAV
- $64,008on the Form ADV filed Sep 9, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 7
- Reported on ADV
- Mar 30, 2021 to Sep 9, 2026
Fundraising evidence
What counts as raisingA Form D offering is permission to sell, not a fund in market; an amount sold is never a close; an evergreen offering amended every year is not a raise.Closed to new capital
Form D filed or amended 2021-04-06: the stated $385,000 offering reported fully sold (fr-1)
evidence dated Apr 6, 2021.
Lifecycle
Mature
Lifecycle
vintage 4 to 7 years
age years: 5first sale: Mar 3, 2021vintage year: 2021adv gav as of: Sep 9, 2026vintage basis: Form d first saleform d sold: $385,000form d offering: $385,000form d latest filed at: Apr 6, 2021
The fund's own reporting through time
6 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 30, 2021 | Venture Capital Fund | $0 | 7 | 1% | yes | ||
| Mar 31, 2022 | Venture Capital Fund | $369,000 | 7 | 1% | yes | ||
| Jul 21, 2022 | Venture Capital Fund | $369,000 | 7 | 1% | yes | ||
| Mar 31, 2023 | Venture Capital Fund | $368,571 | 7 | 1% | yes | ||
| Mar 27, 2024 | Venture Capital Fund | $169,487 | 7 | 1% | yes | ||
| Sep 9, 2026 | Venture Capital Fund | $64,008 | 7 | 1% |
Principals and agents
2 principals on Form D, 0 placement agents
- Hadi Habal Executive Officer
- Jose Penabad Executive Officer
Service providers
2 named on Form ADV Schedule D and Form D
- AuditorFrank, Rimerman + Co. · SAN JOSE, California, United StatesForm ADV filed Mar 27, 2026 reports.adviserinfo.sec.gov
- CustodianSilicon Valley Bank · SANTA CLARA, California, United StatesForm ADV filed Mar 27, 2026 reports.adviserinfo.sec.gov
Limited partners and their reported performance
Whose numbers these areEach row is the LP’s own number: its cash flows and its valuation policy as of its reporting date, not the fund’s. Net IRR is printed only when the LP prints one. The vintage is the LP’s definition (CalPERS: year of its first cash flow; WSIB: year of its initial investment).0 public LP reports
No public LP has reported this vehicle. The LP tape is read from public pension disclosures (see Limited partners); a fund appears here only when an LP’s report names it.
Known LPs and allocators
What these amounts and dates areA commitment date prints only when the source printed one; otherwise the row carries the date of the report that listed it. A foundation’s 990-PF line is a holding at fair value on its return, never a commitment.0 relationships, public pensions and the allocator graph, each counted once
No allocator names this vehicle in a public disclosure DFX holds: pension reports, foundation 990-PF returns or endowment disclosures.
Investments attributed to this vehicle
0
No investment attributed to this vehicle. The firm’s investments sit on the firm; a fund gets one only when a source names the vehicle.
Timeline
2 events
Evidence
16 observations
Every observation on this vehicle
- Entity type: Limited Liability Company Apr 6, 2021 Fact Form D
- Form D fund type: Other Investment Fund Apr 6, 2021 Fact Form D
- Form D industry group: Pooled Investment Fund Apr 6, 2021 Fact Form D
- Amendment: false Apr 6, 2021 Fact Form D
- Incorporated: withinFiveYears Apr 6, 2021 Fact Form D
- Jurisdiction: Delaware Apr 6, 2021 Fact Form D
- Amount sold (Form D): $385,000 Apr 6, 2021 Fact Form D
- Offering amount (Form D): $385,000 Apr 6, 2021 Fact Form D
- Exemptions: 06b, 3C.1 Apr 6, 2021 Fact Form D
- First sale: 2021-03-03 Apr 6, 2021 Fact Form D
- Investors (Form D): 6 Apr 6, 2021 Fact Form D
- Minimum investment (Form D): 0 Apr 6, 2021 Fact Form D
- Offering other type: Limited Liability Company Interests ("Interests") Apr 6, 2021 Fact Form D
- Securities offered: pooled Apr 6, 2021 Fact Form D
- Office address: Apr 6, 2021 Fact Form D
- Year of incorporation: 2021 Apr 6, 2021 Fact Form D
Relationships across DFX
on 2 other DFX graphs
Across the graphs
HCG Point Coinvest B LLC is the same institution as 2 records in Independent Sponsors and RIA and Wealth.
Independent Sponsors1RIA and Wealth1
DFX found 2 relationships across 2 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
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Record history
1 identity change, 2 dated events on the change ledger, latest event first
- Event retracted2026-10-01
- Form D filed2021-04-06source on record
- Fund first reported on ADV2021-03-30source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.